SUMMARY
On March 23rd, I had thoroughly analyzed ByteCoin (BCN) and the below chart was posted. BCN was undergoing the idealic ABC ZigZag correction (5,3,5). The subwaves also confirmed that the correction was very likely complete and that the blue wedge was about to breakout!
It turns out that my $0.002 bottom was a near precision hit!! Since then, price rose recently to $0.0186....THAT'S 810.5% in PROFIT!!! IN LESS THAN TWO MONTHS!!!! 810.5%!!!!!
What's next? First, when price goes vertical, I take profits. I take a good amount OFF the table. Why? Such price moves are NOT SUSTAINABLE!! That's what's next! Note that the below chart shows a nearly completed, if not already, saucer pattern or a rounded price formation! The peak to peak of the left and right walls are very symmetrical! I believe a correction is in store in the form of an ABC and that could be a 61.8% retracement. This would also form the handle of the very large Cup & Handle pattern. Once complete, price should swing up and resume the uptrend.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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